Senseonics Stock Rises Tuesday on Strong Q3 Revenue, Raised 2026 Outlook
Shares of Senseonics Holdings Inc (NASDAQ:SENS) are trading higher on Tuesday after the company reported better-than-expected third-quarter financial results and raised its fiscal 2026 revenue guidance above estimates. Raymond James also upgraded the stock to Market Perform from Underperform.
- Senseonics Holdings stock is approaching key resistance levels. What’s driving SENS to record levels?
Senseonics Posts Strong Revenue, Raises Guidance
Senseonics reported third-quarter revenue of $19.56 million, up about 140% from a year earlier and well above the $16.20 million analysts expected, according to Benzinga Pro. Demand for Eversense 365, the company’s implantable continuous glucose monitor, drove the beat, with U.S. revenue growing about 160% to $16.8 million.
The company reported a quarterly loss of 50 cents per share, better than the 52-cent loss analysts expected. Gross margin expanded to roughly 62% from 43% a year ago, a sign the company is making money on each sale as volume grows.
"Q3 was a breakout quarter for Senseonics," CEO Tim Goodnow said.
Strong sales led Senseonics to raise its fiscal 2026 revenue outlook for the third time this year, to a range of $68 million to $70 million from a prior range of $62 million to $66 million. The new range sits above the $64.243 million analysts are forecasting.
Analysts Lift Price Targets
Wall Street’s reaction was mostly positive. Barclays analyst Christopher Pasquale kept an Equal-Weight rating and raised his target to $11 from $10, and Stifel’s Jonathan Block reiterated a Hold and raised his target to $10 from $9. HC Wainwright’s Sean Lee reiterated a Buy rating and a $14 target, the highest of the group. As mentioned, Raymond James upgraded Senseonics following the print, moving from Underperform to Market Perform.
SENS Stock Trades Above All Key Moving Averages
The move leaves the stock extended. Shares are trading 39% above their 20-day simple moving average, 29.4% above the 50-day and 52.3% above the 100-day. A golden cross in September, when the 50-day crossed above the 200-day, added to the bullish setup. Shares have gained about 89% over the past 12 months and sit near the top of their 52-week range.
That kind of separation shows buyers are in control, but it also raises the chance of a pullback toward those averages. The RSI of 57.89 is neutral, so the stock isn’t yet overbought.
SENS Shares Move Higher
SENS Price Action: Senseonics shares were up 22.55% at $12.01 at the time of publication on Tuesday, according to Benzinga Pro.
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